Sixthfin launches Closing to streamline UK finance
Sixthfin has launched Closing in the UK, adding a second finance technology product to its platform alongside its existing risk analysis tool, Geoficiency.
The company positions Closing as software for account reconciliation and justification during period-end close. Sixthfin said finance teams often manage closing activity across multiple tools and files. It linked that approach with longer close cycles and a higher risk of errors.
Closing uses automation for reconciliation work and controls. Sixthfin said it also centralises documentation and improves traceability across the close. The company said the product works with any ERP system. It said users can access accounting entries directly within the tool.
Closing process
Sixthfin described the product as a response to fragmented finance operations, where teams move between ERP systems and spreadsheets. It also pointed to dispersed subsidiaries and rising compliance requirements.
"When it comes to accounting closing, manual checks, errors and delays are expensive. Our Closing technology was born from a simple observation: accounting departments lack a structured, operational and intelligent platform to execute their closing processes reliably. We have designed this tool as an everyday ally, capable of providing both a global vision and zooming in on the finest accounting entry level", said Olivier Cornet, UK Country Manager, Sixthfin.
Sixthfin set out a list of outcomes it associates with the product, including faster review and analysis during close and automated checks that identify atypical entries. It also said the product aims to promote alignment and coordination between teams, while centralising supporting documents and improving traceability.
The company also said it targets security, with a focus on regulatory and organisational requirements. It added that it expects the tool to affect staff retention and recruitment within finance functions.
Platform approach
Closing sits alongside Geoficiency on the same platform, according to Sixthfin. The company said the two products address different parts of finance control and audit work.
Sixthfin said Geoficiency focuses on accounting internal control activities. It said the product analyses data and flags risks and errors for investigation. It also said it identifies efficiency levers within finance processes.
Sixthfin described Closing as part of the Record to Report process. It said the product focuses on account reconciliation and justification. It also said it improves the reliability of closing processes and strengthens security and speed.
The company said both tools use a unified technological foundation and a common data source. It said the foundation is interoperable with all ERP systems. It also said the products are designed for quick adoption by teams.
Scale claims
Sixthfin said Geoficiency is deployed in 70 countries and used in more than 1,000 companies. It named Edenred, Saint Gobain and RAJA among users. It also said the platform analysed more than €170 billion in 2024.
Sixthfin was founded in 2020. It describes itself as a fintech specialising in risk detection and process optimisation for finance, control and audit departments.
"With Closing, we are reinforcing our promise: to help finance departments move from control to impact. Our platform, powered by data and enhanced by AI, is aimed at key functions and is part of a collective approach to the performance of the organisation. We are building a unified, rigorous and operational environment, which will transform your closing process into a lever for performance and safety," said Cornet.